21 Oct 2019
DiamondWorld Directory
Home |
News
Home
De Beers’ diamond production up 4% in Q3
Anglo American announces production update
By: Diamond World News Service
|
Oct 28 2016 10:13AM
|
Reference: 13571  

DecreaseIncrease
Anglo American Corp announced the production performance for the third quarter of 2016. At De Beers, diamond production for the period increased by four percent to 6.3 million carats compared with the third quarter of 2015 when production was reduced in response to the prevailing trading conditions.

For the year to date period, production at De Beers stood at 19.6 million carats, dropping 9 percent from the same period the previous year.

Speaking of the overall company performance, Mark Cutifani, Anglo American Chief Executive, said “Operational improvements continue across the portfolio, delivering a 4% production increase on a copper equivalent basis(9) in the third quarter, and a 12% increase compared to Q2 2016. The latter increase is largely due to the strong recovery at Kumba’s Sishen mine, a 46% production increase, following the successful completion of its restructuring. In our diamond and platinum businesses we continue to maintain discipline on volumes by mining to demand, whilst the ramp-ups at Minas-Rio and Grosvenor are progressing well, and Barro Alto has now reached nameplate capacity. The modestly higher production at De Beers is reflective of improved market conditions relative to Q3 2015, but we maintain a cautious outlook.”

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
HouseAd_Trade Fair
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 20061
GJEPC Chairman Interview
Views: 17977
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 24993
Promo for IJ Awards 2012 at NDTV Profit
Views: 38212
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 41797
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 15321
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 39715
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 37379
Member of:
Supporter of: